TSMC Appoints Mr. Harvey Chang as Spokesperson

Hsinchu, Taiwan, Dec. 27, 2001 --Taiwan Semiconductor Manufacturing Company (TSMC) (TAIEX: 2330, NYSE: TSM) today appointed its Senior Vice President and Chief Financial Officer Mr. Harvey Chang as its Spokesperson. Meanwhile, Public Relations Department will report directly to TSMC Chairman Dr. Morris Chang.

According to TSMC, the new appointment was resulted from the resignation of former Spokesperson Ms. K. C. Chen, who will leave TSMC on Dec. 28, 2001 to teach law. For the same reason, the Board of TSMC Education and Culture Foundation completed the reelection of its Chairman today. TSMC Deputy Chief Executive Officer Dr. F. C. Tseng was elected as the new Chairman of the Foundation. Ms. K. C. Chen will remain one of the Directors of Board in the Foundation.

About TSMC

TSMC is the world's largest dedicated semiconductor foundry, providing the industry's leading process technology and the foundry industry's largest portfolio of process-proven library, IP, design tools and reference flows. The company has one advanced 300mm wafer fab in production and one under construction, in addition to seven eight-inch fabs and two six-inch wafer fabs. TSMC also has substantial capacity commitments at two joint ventures fabs (Vanguard and SSMC) and at its wholly-owned subsidiary, WaferTech. In early 2001, TSMC became the first IC manufacturer to announce a 0.10-micron technology alignment program with its customers. TSMC's corporate headquarters are in Hsin-Chu, Taiwan. For more information about TSMC please go to http://www.tsmc.com.